Egypt

Egypt ranked No. 49 in total trade value through April with a total of $2.41 billion. Exports totaled $1.67 billion and Imports totaled $742.6 million, a surplus of $926.98 million.

U.S. trade with Egypt rose to $1.92 billion through March

Egypt’s trade with the United States rose to $1.92 billion through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 11.91 percent below its total trade during the same time period last year. U.S. exports to Egypt decreased 12.92 percent while U.S. imports from Egypt fell 9.75 percent. The U.S. surplus with Egypt was $673.57 million.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of New Orleans; No. 2 Port of Newark; No. 3 Port of Southern Louisiana, Gramercy, St. James Parish; No. 4 Port of Houston; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Southern Louisiana, Gramercy, St. James Parish No. 3 Port of New Orleans No. 4 Port of Houston and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 55.6 percent of Egypt’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans rose 28.55 percent to $289.17 million.
    Exports rose 11.25 percent to $237.92 million. Imports rose 362.53 percent to $51.24 million.
  • Trade with No. 2 Port of Newark rose 6.28 percent to $246.09 million.
    Exports fell 61.85 percent to $10.29 million. Imports rose 15.26 percent to $235.79 million.
  • Trade with No. 3 Port of Southern Louisiana, Gramercy, St. James Parish fell 19.87 percent to $183.63 million.
    Exports fell 19.07 percent to $183.63 million. There were no imports.
  • Trade with No. 4 Port of Houston fell 17.09 percent to $180.84 million.
    Exports fell 17.34 percent to $155.79 million. Imports fell 15.54 percent to $25.05 million.
  • Trade with No. 5 Port of Virginia rose 35.26 percent to $170.29 million.
    Exports rose 60.33 percent to $141.48 million. Imports fell 23.49 percent to $28.81 million.

Egypt ranked No. 49 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 46.

Meanwhile, total U.S. trade with the world increased to $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Egypt by value through March were the categories of Soybeans; Tanks, armored fighting vehicles, parts; Petroleum gases, other gaseous hydrocarbons; Nonelectric rail locomotives, tenders; and Polymers of vinyl chloride, respectively. They accounted for 46.82 percent of total exports to Egypt.

The value of the top five categories of U.S. imports from Egypt –– Gasoline, other fuels; Oil; Men’s or boys’ slacks, suits, not knit; Sweaters, pullovers, vests, knit or crocheted; and Women’s or girls’ suits, not knit –– accounted for 52.56 percent of all inbound shipments.

Looking more closely at U.S. exports to Egypt:

  • Soybeans rose 5.17 percent compared to last year to $362.85 million.
  • Tanks, armored fighting vehicles, parts rose 143.48 percent compared to last year to $79.91 million.
  • Petroleum gases, other gaseous hydrocarbons fell 27.16 percent compared to last year to $57.14 million.
  • Nonelectric rail locomotives, tenders totaled $54.43 million. The previous year, there were no exports in this category.
  • Polymers of vinyl chloride rose 5.25 percent compared to last year to $53.86 million.

Looking more closely at U.S. imports from Egypt:

  • Gasoline, other fuels rose 218.85 percent compared to last year to $131.27 million.
  • Oil fell 32.48 percent compared to last year to $64.29 million.
  • Men’s or boys’ slacks, suits, not knit rose 4.06 percent compared to last year to $61.39 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 2.17 percent compared to last year to $42.86 million.
  • Women’s or girls’ suits, not knit fell 0.07 percent compared to last year to $28.89 million.

In the latest annual figures available, Egypt recorded $8.64 billion in trade with the United States. Total U.S. exports to Egypt were $ 5.49 billion and imports from Egypt were $3.15 billion. The U.S. surplus with Egypt was $2.33 billion.